The Secrets of the Great City: A Work Descriptive of the Virtues and the Vices, the Mysteries, Miseries and Crimes of New York CityMcCabe, James Dabney
History
The Secrets of the Great City: A Work Descriptive of the Virtues and the Vices, the Mysteries, Miseries and Crimes of New York City
McCabe, James Dabney
New York (N.Y.) -- Description and travel; New York (N.Y.) -- History
The street was originally taken up with private residences, but at
length monetary institutions commenced to find their way into it. The
Bank of New York was located here in 1791, at the corner of William
street. Other institutions, and private bankers, soon followed it, and
the work of improvement went on until the street of to-day is the
result. Famous lawyers have also had their offices in this street.
Alexander Hamilton's sign might once have been seen here, not far from
where his humble monument now stands in Trinity churchyard, and the
name of Caleb Cushing is now to be found just a little below Broadway.
The street fairly began its present career in the days of Jacob Little,
"the great bear of Wall street." He opened an office here in 1822, and,
in twelve years, by dint of such labor as few men are capable of
performing, placed himself at the head of American operators. His
credit was good for any amount, for his integrity was unimpeachable. He
could sway the market as he pleased, and his contracts were met with a
punctuality and fidelity which made "his word as good as his bond."
Efforts were made to ruin him, but his genius and far-sightedness
enabled him to defeat all his enemies with their own weapons. His gains
were enormous, and so were his losses. He met the latter cheerfully.
The late war, however, brought his reverses so rapidly upon him that he
had not the time to meet one before another stared him in the face.
Still, he was calm and undismayed. He gave up his last dollar without
repining, saying that he would willingly sacrifice even life itself for
the perpetuity of the Union and the Constitution. He died early in the
year 1861, honored by all, and leaving his life an example to those of
us who are left behind him. He was a devout member of the Episcopal
Church, but he extended his charities, which, though quiet, were
unusually large, to all denominations.
THE SUB-TREASURY.
The Sub-Treasury is a handsome white marble building, located at the
corner of Wall and Nassau streets. The Treasury is built in the Doric
style of architecture; and its massive flight of steps and handsome
portico present a striking appearance. It is built in the most
substantial manner, and has an entrance at the rear on Pine street. The
interior is tastefully arranged, and massive iron gratings protect the
employees from surprise and robbery. The vaults are burglar-proof. This
is the principal depository of the Government, and millions of dollars
are always in its vaults.
THE CUSTOM HOUSE.
The Custom House was built for and formerly used as the Merchants'
Exchange. It is situated at the corner of Wall and William streets, and
is a large, handsome, granite edifice. The colonade at the front
entrance and the rotunda are well worth seeing.
BANKING HOUSES.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account